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37m ago

Nvidia Pledges Up to $100 Billion to OpenAI in LOI for 10‑Gigawatt AI Buildout

The letter of intent ties staged funding to a rollout beginning in late 2026 on Nvidia’s Vera Rubin platform with the chipmaker designated a preferred supplier.

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Sam Altman, CEO of OpenAI, takes his seat before a meeting of the White House Task Force on Artificial Intelligence Education in the East Room of the White House, Thursday, Sept. 4, 2025, in Washington. (AP Photo/Alex Brandon)
FILE - A sign for a Nvidia building is shown in Santa Clara, Calif., May 31, 2023. (AP Photo/Jeff Chiu, File)

Overview

  • Nvidia and OpenAI signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s AI infrastructure, with definitive agreements expected in the coming weeks.
  • The investment will be deployed progressively as capacity is built, and the first phase is targeted to come online in the second half of 2026 using Nvidia’s Vera Rubin systems.
  • Reporting indicates OpenAI will pay cash for chips while Nvidia takes a non‑controlling equity stake, with funding staged in $10 billion tranches tied to deployment milestones.
  • Nvidia CEO Jensen Huang said 10 gigawatts equates to roughly 4 million to 5 million GPUs, highlighting the project’s scale relative to the company’s annual shipments.
  • The companies say the partnership complements OpenAI’s work with Microsoft, Oracle, SoftBank and Stargate, and analysts note the size and vertical scope could invite antitrust scrutiny.